Evening Edition: China Pushes For Oil To Be Traded In Yuan Not The Dollar
Chinese President Xi Jinping addressing Gulf leaders in Saudi Arabia Friday called on leaders of top oil producing countries to start trading oil using the Chinese yuan instead of the U.S. dollar. This move would cause a significant and costly hit to the dollar and other Western markets. FOX’s Eben Brown speaks with Gordon Chang, expert on U.S.-China relations and author of “The Coming Collapse of China” and “The Great U.S.-China Tech War”, who says this could become a troubling economic change for the United States.
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